Coffee cups get recycling reprieve (Toronto)

by John Spears
City Hall Bureau

Toronto coffee shops will get a second chance to come up with a plan for curbing the flood of throwaway paper cups – a million a day – that flow into the city's garbage bins.

But councillors on the city's works committee say they want to move ahead on a proposal requiring stores to give customers a 10-cent refund if they bring their own bag instead of using a plastic one.

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Green Mountain Coffee 4Q profit nearly doubles

WATERBURY, Vt. (AP) -- Specialty coffee maker Green Mountain Coffee Roasters Inc. reported Wednesday that its fiscal fourth-quarter profit nearly doubled as sales jumped 45 percent.

The company also gave earnings guidance for fiscal 2009 that, when certain items are excluded, is in line with Wall Street expectations.

For the three months ended Sept. 27, the company said it recorded net income of $7.1 million, or 28 cents a share, a 98 percent increase from the profit of $3.6 million, or 14 cents a share, recorded a year earlier.

Sales rose to $134.8 million from $93 million.

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Coffee Production to Rise 15% to Record on Brazil, Licht Says

By Claudia Carpenter

Nov. 13 (Bloomberg) -- Global coffee production will rise 15 percent to a record 139 million bags this season on bigger crops from Brazil and Vietnam, the world's largest growers, F.O. Licht said in its first estimate for the harvest that started Oct. 1.

The jump from 121.1 million bags last season will include a Brazil crop of 49.7 million bags and a Vietnam harvest of 20.9 million bags, F.O. Licht analyst Stefan Uhlenbrock said in an interview today from Ratzeburg, Germany. A bag weighs 60 kilograms (132 pounds).

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Starbucks sets pay for new CFO

By Melissa Allison
Seattle Times business reporter

Starbucks new chief financial officer, Troy Alstead, will be paid a base salary of $450,000 plus a potential bonus of $225,000. He will receive stock options worth $210,000 and life insurance worth three times his base salary.

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Get a FREE Bag of Costa Rican Tarrazu Coffee at World Market

World Market coffee is harvested from the globe's finest coffee-growing regions. 100% Arabica beans are shade-grown and handpicked at the peak of ripeness, then blended and roasted to perfection. Visit your local World Market store to receive a FREE 8oz Bag of Whole Bean Costa Rican Tarrazu Coffee, while supplies last. No purchase is required. There are 296 World Markets in The US. Use the store locator provided to find your nearest location.

World Market Store Locator

Kona coffee festival gives Big Isle a boost

By Associated Press

KAILUA-KONA, Hawaii (AP) _ It takes only minutes every morning to brew up a java jolt, but the coffee-growing region of Kona takes 10 days to properly honor the bean.

The 38th Kona Coffee Cultural Festival kicked off this weekend, with a slate of parades and pageants, workshops, farm tours, seminars and a handful of culinary delights.

In addition to honoring Kona's coffee pioneers and celebrating 180 years of harvests along the Kona-Holualoa-Captain Cook corridor, the festival typically draws between 16,000 and 18,000 caffeine connoisseurs.

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